FIA has responded to a consultation paper from the UK's Financial Conduct Authority (FCA) on the implementation of MiFID II, entitled Markets in Financial Instruments Directive II Implementation - Consultation Paper I (December 2015 - CP 15/43
CONTINUE READINGWashington, DC— FIA today announced the induction of 10 new members into the FIA Hall of Fame.
CONTINUE READINGFIA has announced that its board of directors has voted to remove the Moscow Exchange from FIA’s membership, effective immediately, due to circumstances related to the Russian invasion of Ukraine.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the European Securities and Markets Authority (ESMA) Call for Evidence On Market Characteristics for ESG Rating Providers in the EU. In 2019 FIA EPTA established a Sustainable Finance Committee for its member firms to explore how liquidity providers can contribute to the green transition. FIA EPTA members believe ESG ratings are extremely relevant for EU financial markets and financial market participants.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the EBA Consultation Paper on the Draft Regulatory Technical Standards on the specific liquidity measurement for investment firms under Article 42(6) of Directive (EU) 2019/2034. FIA EPTA would like to clarify that the concept of a liquidity mismatch between liquid assets and liquidity requirements, which is common for specific (asset management) business models like pension funds or investment funds, does not really apply to a market making model with a trading book and taking place in a CCP cleared environment or being governed by netting agreements.
CONTINUE READINGIn consultation with member firms, FIA developed a survey that helps provide greater transparency and facilitates risk-control benchmarking for global brokers, clearing firms, trading firms and commercial and institutional traders.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 6.23 billion contracts in the month of February, the highest monthly total ever recorded.
CONTINUE READINGWashington, DC— FIA today announced the election of new directors to its board of directors at its annual meeting.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the IOSCO Consolation Paper on the Operational resilience of trading venues and market intermediaries during the COVID-19 pandemic. FIA EPTA members believe it an important step by IOSCO to review the resilience of financial market participants during the Covid-19 pandemic as the lessons learned will better prepare the sector for future occurrences of high volatility.
CONTINUE READINGFirst set of standards will focus on processing time for allocations and give-ups
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